Market Summary
USD216.25-8.01
Market Closed-3.57%
NDSN Alerts
NDSN Stock Price
NDSN RSI Chart
NDSN Valuation
NDSN Price/Sales (Trailing)
NDSN Profitability
NDSN Fundamentals
NDSN Revenue
NDSN Earnings
Price Action
52 Week Range
202.57253.40
(Low)(High)
Last 7 days
-3.1%
Last 30 days
-6.0%
Last 90 days
-8.3%
Trailing 12 Months
5.3%
NDSN Financial Health
NDSN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for NDSN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | Subramanian Srinivas | sold | -301,886 | 232 | -1,300 | executive vice president |
2023-09-18 | Subramanian Srinivas | acquired | 93,275 | 71.75 | 1,300 | executive vice president |
2023-08-01 | Subramanian Srinivas | sold (taxes) | -2,757 | 250 | -11.00 | executive vice president |
2023-08-01 | Lovass Stephen | sold (taxes) | -7,519 | 250 | -30.00 | executive vice president |
2023-07-31 | DeFord John A | acquired | 22,393 | 251 | 89.00 | - |
2023-07-14 | PUMA MARY G | sold | -516,186 | 245 | -2,099 | - |
2023-07-06 | Kelley Joseph P | sold (taxes) | -217,861 | 240 | -905 | evp and cfo |
2023-04-28 | DeFord John A | acquired | 22,496 | 216 | 104 | - |
2023-03-31 | Pembroke Jeffrey A | sold | -4,180 | 220 | -19.00 | executive vice president |
2023-03-30 | Pembroke Jeffrey A | sold (taxes) | -2,844 | 218 | -13.00 | executive vice president |
Which funds bought or sold NDSN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 5.17 | 3,089,000 | 20,800,000 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -80.00 | -1,727 | 496 | -% |
2023-08-24 | ProVise Management Group, LLC | added | 10.87 | 138,212 | 718,977 | 0.06% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 38,880 | 372,270 | -% |
2023-08-23 | Rehmann Capital Advisory Group | reduced | -2.67 | 82,844 | 1,038,650 | 0.09% |
2023-08-22 | COMERICA BANK | new | - | 35,000 | 35,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 3,000 | 40,000 | -% |
2023-08-21 | BOKF, NA | reduced | -54.55 | -2,408 | 2,482 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -23.82 | -1,701,000 | 9,681,000 | 0.09% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.72 | 1,483,820 | 21,259,800 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
NDSN Alerts
Schedule 13G FIlings of Nordson
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.65% | 6,085,856 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.6% | 3,797,338 | SC 13G/A | |
| Jan 11, 2023 | savage jennifer a | 4.9% | 2,785,058 | SC 13G/A | |
| Jan 11, 2023 | nord jane b | 5.2% | 29,889 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.42% | 6,036,535 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.85% | 5,147,096 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.4% | 4,861,009 | SC 13G/A | |
| Jan 14, 2022 | nord jane b | 5.1% | 2,991,902 | SC 13G/A | |
| Jan 12, 2022 | savage jennifer a | 5.1% | 2,956,395 | SC 13G/A | |
| Feb 11, 2021 | massachusetts financial services co /ma/ | 2.9% | 1,684,296 | SC 13G/A |
Recent SEC filings of Nordson
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 13, 2023 | 8-K | Current Report | |
| Sep 11, 2023 | 424B2 | Prospectus Filed | |
| Sep 07, 2023 | 424B2 | Prospectus Filed | |
| Sep 07, 2023 | FWP | Prospectus Filed | |
| Sep 05, 2023 | S-3ASR | S-3ASR | |
| Aug 24, 2023 | 10-Q | Quarterly Report | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 21, 2023 | 8-K | Current Report |
Peers (Alternatives to Nordson)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ITW | 70.9B | 16.1B | -2.54% | 25.77% | 22.86 | 4.41 | 5.86% | 17.15% |
IR | 24.3B | 6.5B | -6.65% | 45.95% | 40.13 | 4.1 | 16.93% | 6.34% |
XYL | 18.7B | 6.1B | -10.06% | 1.53% | 42.6 | 3.09 | 15.93% | 12.85% |
IEX | 15.7B | - | -8.14% | 4.54% | 26.75 | 5.23 | 15.09% | 14.53% |
NDSN | 12.8B | 2.6B | -6.01% | 5.29% | 25.51 | 4.93 | 3.47% | 3.87% |
| MID-CAP | ||||||||
ITT | 8.0B | 3.2B | -1.27% | 45.14% | 18.72 | 2.52 | 11.48% | 25.05% |
DCI | 7.3B | 3.4B | -1.68% | 21.18% | 19.89 | 2.13 | 7.89% | 16.35% |
MIDD | 7.0B | 4.1B | -7.86% | 3.07% | 15.43 | 1.72 | 10.28% | -5.05% |
FLS | 5.1B | 4.0B | 2.70% | 59.90% | 21.65 | 1.3 | 13.86% | 149.05% |
AIMC | 4.0B | 1.9B | 0.68% | 55.46% | 31.86 | 2.08 | 2.41% | 358.48% |
| SMALL-CAP | ||||||||
SXI | 1.7B | 741.0M | -8.28% | 74.66% | 12.15 | 2.28 | 0.78% | 126.40% |
EPAC | 1.5B | 589.4M | 1.22% | 62.41% | 44.11 | 2.57 | 4.36% | 214.75% |
TNC | 1.4B | 1.2B | -8.91% | 27.78% | 14.56 | 1.17 | 8.71% | 68.74% |
ERII | 1.2B | 106.9M | -21.80% | -9.84% | 114.06 | 11.26 | -0.30% | -11.09% |
TAYD | 87.1M | 40.2M | -6.25% | 117.12% | 13.85 | 2.17 | 30.24% | 180.76% |
Nordson News
Returns for NDSN
Cumulative Returns on NDSN
12.8%
10-Year Cumulative Returns
13.4%
7-Year Cumulative Returns
10.5%
5-Year Cumulative Returns
7.3%
3-Year Cumulative Returns
Risks for NDSN
What is the probability of a big loss on NDSN?
53.9%
Probability that Nordson stock will be more than 20% underwater in next one year
18.5%
Probability that Nordson stock will be more than 30% underwater in next one year.
0%
Probability that Nordson stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NDSN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Nordson was unfortunately bought at previous high price.
Drawdowns
Financials for Nordson
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | -0.5% | 2,593 | 2,606 | 2,592 | 2,590 | 2,506 | 2,491 | 2,445 | 2,362 | 2,321 | 2,213 | 2,153 | 2,121 | 2,148 | 2,170 | 2,191 | 2,194 | 2,178 | 2,200 | 2,202 | 2,255 | 2,259 |
| Costs and Expenses | 0.0% | 1,928 | 1,927 | 1,901 | 1,888 | 1,830 | 1,811 | 1,783 | 1,747 | 1,820 | 1,788 | 1,769 | 1,772 | 1,696 | 1,700 | 1,717 | 1,711 | 1,718 | 1,732 | 1,735 | 1,752 | 1,740 |
| S&GA Expenses | 1.2% | 739 | 731 | 725 | 724 | 718 | 715 | 712 | 709 | 701 | 693 | 686 | 694 | 701 | 704 | 712 | 709 | 721 | 731 | 737 | 734 | 722 |
| EBITDA | -100.0% | - | 735 | 706 | 721 | 684 | 687 | 705 | 653 | 538 | 510 | 474 | 446 | 551 | 578 | 583 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.28* | 0.27* | 0.28* | 0.27* | 0.28* | 0.29* | 0.28* | 0.23* | 0.23* | 0.22* | 0.21* | 0.26* | 0.27* | 0.27* | - | - | - | - | - | - |
| Interest Expenses | 19.9% | 38.00 | 32.00 | 27.00 | 22.00 | 22.00 | 22.00 | 24.00 | 25.00 | 27.00 | 28.00 | 29.00 | 32.00 | 36.00 | 40.00 | 45.00 | 47.00 | 49.00 | 51.00 | 51.00 | 50.00 | 49.00 |
| Earnings Before Taxes | -2.8% | 632 | 651 | 628 | 649 | 612 | 612 | 628 | 574 | 460 | 375 | 336 | 301 | 402 | 426 | 426 | 431 | 408 | 411 | 413 | 449 | 457 |
| EBT Margin | -100.0% | - | 0.25* | 0.24* | 0.25* | 0.24* | 0.25* | 0.26* | 0.24* | 0.20* | 0.17* | 0.16* | 0.14* | 0.19* | 0.20* | 0.19* | - | - | - | - | - | - |
| Net Income | -2.7% | 501 | 515 | 497 | 513 | 482 | 483 | 497 | 454 | 362 | 307 | 275 | 250 | 334 | 341 | 341 | 337 | 321 | 322 | 321 | 377 | 371 |
| Net Income Margin | -100.0% | - | 0.20* | 0.19* | 0.20* | 0.19* | 0.19* | 0.20* | 0.19* | 0.16* | 0.14* | 0.13* | 0.12* | 0.16* | 0.16* | 0.16* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 545 | 470 | 462 | 461 | 468 | 478 | 508 | 525 | 489 | 485 | 452 | 402 | 376 | 378 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | 0.1% | 4,197 | 4,193 | 4,237 | 3,820 | 3,824 | 3,796 | 3,835 | 3,791 | 3,670 | 3,595 | 3,683 | 3,675 | 3,820 | 3,743 | 3,551 | 3,516 | 3,492 | 3,475 | 3,398 | 3,421 | 3,607 |
| Current Assets | 1.9% | 1,177 | 1,155 | 1,178 | 1,133 | 1,116 | 1,060 | 1,054 | 1,165 | 1,046 | 949 | 1,028 | 1,021 | 1,081 | 1,143 | 930 | 1,011 | 981 | 965 | 867 | 884 | 1,078 |
| Cash Equivalents | 10.9% | 143 | 129 | 122 | 163 | 129 | 121 | 171 | 300 | 174 | 133 | 226 | 208 | 222 | 306 | 115 | 151 | 148 | 149 | 86.00 | 96.00 | 267 |
| Inventory | -0.1% | 440 | 440 | 448 | 383 | 400 | 383 | 366 | 327 | 304 | 296 | 282 | 277 | 311 | 312 | 295 | 283 | 283 | 281 | 271 | 264 | 271 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | 359 | 415 | 400 | 401 | 399 | 392 | 386 | 388 | 387 | 357 |
| Goodwill | 0.0% | 2,111 | 2,110 | 2,107 | 1,805 | 1,813 | 1,821 | 1,836 | 131 | 1,719 | 1,721 | 1,723 | 1,713 | 1,702 | 1,611 | 1,614 | 1,615 | 1,613 | 1,608 | 1,611 | 1,608 | 1,612 |
| Current Liabilities | -46.6% | 529 | 990 | 825 | 834 | 827 | 722 | 429 | 445 | 421 | 385 | 360 | 363 | 347 | 360 | 343 | 478 | 444 | 446 | 324 | 350 | 341 |
| LT Debt, Current | -81.7% | 111 | 603 | 421 | 393 | 402 | 311 | 34.00 | 34.00 | 31.00 | 38.00 | 38.00 | 38.00 | 44.00 | 44.00 | 44.00 | 169 | 169 | 154 | 54.00 | 29.00 | 34.00 |
| LT Debt, Non Current | 110.3% | 727 | 346 | 595 | 345 | 402 | 480 | 773 | 782 | 790 | 829 | 981 | 1,068 | 1,221 | 1,237 | 1,074 | 1,075 | 1,180 | 1,220 | 1,331 | 1,285 | 1,521 |
| Shareholder's Equity | 3.3% | 2,580 | 2,497 | 2,447 | 2,294 | 2,199 | 2,191 | 2,219 | 2,159 | 2,063 | 1,950 | 1,857 | 1,759 | 1,770 | 1,652 | 1,634 | 1,581 | 1,547 | 1,471 | 1,402 | 1,451 | 1,423 |
| Retained Earnings | 2.4% | 3,900 | 3,810 | 3,719 | 3,652 | 3,548 | 3,436 | 3,356 | 3,265 | 3,184 | 3,065 | 2,963 | 2,909 | 2,913 | 2,848 | 2,777 | 2,748 | 2,667 | 2,593 | 2,521 | 2,488 | 2,403 |
| Additional Paid-In Capital | 1.8% | 660 | 648 | 641 | 627 | 617 | 608 | 599 | 585 | 574 | 565 | 551 | 535 | 527 | 504 | 502 | 483 | 471 | 465 | 452 | 447 | 440 |
| Shares Outstanding | -0.3% | 57.00 | 57.00 | 57.00 | - | 57.00 | 58.00 | 58.00 | - | 58.00 | 58.00 | 58.00 | - | 58.00 | 58.00 | 58.00 | - | 57.00 | 57.00 | 58.00 | - | 58.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 11.1% | 652 | 587 | 518 | 513 | 510 | 513 | 521 | 546 | 568 | 532 | 529 | 502 | 456 | 439 | 442 | 383 | 398 | 454 | 452 | 505 | 478 |
| Share Based Compensation | -6.7% | 24.00 | 26.00 | 29.00 | 31.00 | 28.00 | 25.00 | 21.00 | 23.00 | 22.00 | 21.00 | 17.00 | 13.00 | 14.00 | 15.00 | 20.00 | 18.00 | 18.00 | 19.00 | 19.00 | 22.00 | 22.00 |
| Cashflow From Investing | 1.3% | -414 | -419 | -425 | -222 | -220 | -215 | -209 | -33.17 | -53.91 | -180 | -188 | -194 | -181 | -78.33 | -76.23 | -76.29 | -106 | -88.62 | -93.90 | -139 | -113 |
| Cashflow From Financing | -41.3% | -223 | -158 | -138 | -416 | -329 | -305 | -362 | -422 | -564 | -530 | -235 | -251 | -196 | -195 | -334 | -251 | -409 | -368 | -397 | -353 | -205 |
| Dividend Payments | 5.5% | 149 | 141 | 133 | 126 | 118 | 112 | 105 | 98.00 | 91.00 | 90.00 | 89.00 | 88.00 | 88.00 | 86.00 | 84.00 | 82.00 | 81.00 | 78.00 | 75.00 | 72.00 | 69.00 |
| Buy Backs | -39.3% | 107 | 177 | 235 | 263 | 248 | 171 | 91.00 | 61.00 | 48.00 | 41.00 | 54.00 | 53.00 | 54.00 | 44.00 | 17.00 | 121 | 137 | 137 | 127 | 24.00 | 5.00 |
NDSN Income Statement
2023-07-31Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
| Income Statement [Abstract] | ||||
| Sales | $ 648,677 | $ 662,128 | $ 1,909,319 | $ 1,906,697 |
| Operating costs and expenses: | ||||
| Cost of sales | 288,357 | 296,544 | 868,007 | 843,344 |
| Selling and administrative expenses | 189,324 | 180,666 | 553,590 | 538,602 |
| Total operating costs and expenses | 477,681 | 477,210 | 1,421,597 | 1,381,946 |
| Operating profit | 170,996 | 184,918 | 487,722 | 524,751 |
| Other income (expense): | ||||
| Interest expense | (12,089) | (5,737) | (32,532) | (16,748) |
| Interest and investment income | 603 | 572 | 1,628 | 1,456 |
| Other income (expense)- net | 2,542 | 752 | (2,059) | (37,720) |
| Total other income (expense) | (8,944) | (4,413) | (32,963) | (53,012) |
| Income before income taxes | 162,052 | 180,505 | 454,759 | 471,739 |
| Income taxes | 34,161 | 38,694 | 95,044 | 99,885 |
| Net income | $ 127,891 | $ 141,811 | $ 359,715 | $ 371,854 |
| Average common shares (in shares) | 56,989 | 57,409 | 57,114 | 57,782 |
| Incremental common shares attributable to equity compensation (in shares) | 541 | 560 | 543 | 610 |
| Average common shares attributable and common share equivalents (in shares) | 57,530 | 57,969 | 57,657 | 58,392 |
| Basic earnings per share (in dollars per share) | $ 2.24 | $ 2.47 | $ 6.30 | $ 6.44 |
| Diluted earnings per share (in dollars per share) | $ 2.22 | $ 2.45 | $ 6.24 | $ 6.37 |
NDSN Balance Sheet
2023-07-31Consolidated Balance Sheets - USD ($) $ in Thousands | Jul. 31, 2023 | Oct. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 143,138 | $ 163,457 |
| Receivables - net | 533,793 | 537,313 |
| Inventories - net | 439,741 | 383,398 |
| Prepaid expenses and other current assets | 60,249 | 48,803 |
| Total current assets | 1,176,921 | 1,132,971 |
| Goodwill | 2,110,780 | 1,804,693 |
| Intangible assets - net | 350,524 | 329,402 |
| Property, plant and equipment - net | 350,735 | 353,442 |
| Operating right of use lease assets | 104,592 | 102,279 |
| Deferred income taxes | 12,199 | 10,447 |
| Other assets | 91,281 | 87,141 |
| Total assets | 4,197,032 | 3,820,375 |
| Current liabilities: | ||
| Current maturities of long-term debt and notes payable | 110,643 | 392,537 |
| Accrued liabilities | 169,635 | 206,828 |
| Accounts payable | 105,075 | 99,276 |
| Customer advanced payments | 95,274 | 92,584 |
| Income taxes payable | 26,661 | 22,333 |
| Operating lease liability - current | 16,809 | 15,738 |
| Finance lease liability - current | 4,512 | 4,907 |
| Total current liabilities | 528,609 | 834,203 |
| Long-term debt | 727,455 | 345,320 |
| Operating lease liability - noncurrent | 91,287 | 90,768 |
| Deferred income taxes | 119,734 | 110,781 |
| Postretirement obligations | 57,528 | 56,804 |
| Pension obligations | 46,782 | 40,551 |
| Finance lease liability - noncurrent | 10,507 | 11,184 |
| Other long-term liabilities | 35,324 | 36,389 |
| Shareholders' equity: | ||
| Common shares | 12,253 | 12,253 |
| Capital in excess of stated value | 660,218 | 626,697 |
| Retained earnings | 3,900,384 | 3,652,216 |
| Accumulated other comprehensive loss | (128,704) | (207,782) |
| Common shares in treasury, at cost | (1,864,345) | (1,789,009) |
| Total shareholders' equity | 2,579,806 | 2,294,375 |
| Total liabilities and shareholders' equity | $ 4,197,032 | $ 3,820,375 |
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS). The IPS segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products. It also offers automated and manual dispensing products and systems to apply adhesive and sealant materials; dispensing and curing systems to coat and cure containers; systems to apply liquid paints and coatings to consumer and industrial products; and systems to apply powder paints and coatings to metal, plastic, and wood products, as well as ultraviolet equipment for use in curing and drying operations for specialty coatings, semiconductor materials, and paints. The ATS segment provides automated dispensing systems for the attachment, protection, and coating of fluids, as well as related gas plasma treatment systems for cleaning and conditioning surfaces; precision manual and semi-automated dispensers, minimally invasive interventional delivery devices, plastic molded syringes, cartridges, tips, fluid connection components, tubing, balloons, and catheters; and bond testing and automated optical, acoustic microscopy, and x-ray inspection systems for use in semiconductor and printed circuit board industries. The company markets its products through direct sales force, as well as distributors and sales representatives. Nordson Corporation was founded in 1935 and is headquartered in Westlake, Ohio.